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    Viksit Krishi Sankalp Abhiyan’ is not just a ritual, but a concerted effort by scientists to improve the condition of farmers- Union Minister Shivraj Singh Chouhan

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    Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman, chaired the annual review meeting with MDs and CEOs of Public Sector Banks in New Delhi today

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    Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman Highlights Key Policy Measures to Promote Export-led Growth at Exim Bank’s Trade Conclave

    Tobacco control efforts protect 6.1 billion people – WHO’s new report

    MB Patil Showcases Karnataka’s Investment Potential During Denmark Roadshow

    Roche’s Lunsumio and Polivy combination significantly prolongs remission for people with relapsed or refractory large B-cell lymphoma

    | Meghna Ghodawa-
PHOTO CREDIT-

    Beat the monsoon greys in style with India’s first UPF resort-wear line by Meghna Ghodawat

    PHOTO CREDIT:The Jamaica Tourist Board (JTB)

    Jamaica Tourism Launches a Brand-New Campaign “70 Days of Jamaica Love” to Celebrate 70 Years of Jamaica

  • National
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    Viksit Krishi Sankalp Abhiyan’ is not just a ritual, but a concerted effort by scientists to improve the condition of farmers- Union Minister Shivraj Singh Chouhan

    Rinac India Limited and Epta Announce Strategic Partnership to Elevate India’s Food Retail Refrigeration Landscape

    Jockey Woman continues to shape India’s intimate wear landscape with strategic expansion

    Live phone-in program from Bangalore Water Board on June 27th,2025.

    NMDC Invites Applications for Fully Sponsored Education Programs for Tribal Youth in Chhattisgarh

    Chief Minister of Uttar Pradesh Yogi Adityanath and Union Minister for Science & Technology Dr. Jitendra Singh today lay the foundation stone of state-of-the-art Green Data Centre at Central Electronics Limited (CEL), Ghaziabad, UP

  • Business

    Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman, chaired the annual review meeting with MDs and CEOs of Public Sector Banks in New Delhi today

    Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman visits International Financial Services Centre (IFSC) at GIFT City, Gandhinagar, today

    Sarbananda Sonowal Inaugurates India’s First Maritime NBFC — Sagarmala Finance Corporation Limited (SMFCL)

  • Health

    Apollo Cancer Centres Launches ‘CanWin’.

    Protect and Perfect: How Face Yoga and Sunscreen Can Transform Your Skin

    Panasonic-partners-with-MeitY-Nasscom-Centre

    Panasonic partners with MeitY Nasscom Centre of Excellence (CoE) to accelerate innovation in Smart Residential Living

    Herbalife Logo

    Herbalife’s Aloin Identification Method for Aloe Vera Officially Recognized by AOAC INTERNATIONAL

    “Indian patients no longer need to look abroad for advanced treatment,” said Dr. Sharat Damodar, Senior Consultant, Haematologist and Head of Adult BMT at Narayana Health City, Bengaluru and Chairman of the Oncology Collegium at Narayana Health.

    WHO issues first global guideline to improve pregnancy care for women with sickle cell disease

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    Jockey Woman continues to shape India’s intimate wear landscape with strategic expansion

    AMD Unveils Vision for an Open AI Ecosystem, Detailing New Silicon, Software and Systems at Advancing AI 2025

    U.S. Insurers to More than Double AI Investment in the Next 3-5 Years: Wipro Report

    Union Minister for Agriculture and Farmers Welfare Shivraj Singh Chouhan to visit Hyderabad on Monday

    Inaugural program of “Vidhan Soudha Guided Walking Tour” on May 25.

    LTIMindtree Signs MoU with IIM Mumbai to Launch Postgraduate Program for Executives in AI-led Experience Design

  • Auto

    DGCA carries out comprehensive surveillance at major airports, including Delhi and Mumbai

    India Opens Doors to Global EV Giants with Portal Launch under SPMEPCI

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    Jockey Woman continues to shape India’s intimate wear landscape with strategic expansion

    BCCI mourns the passing of Dilip Doshi

    PHOTO CREDIT:Amruta Fadnavis

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    Union Minister Dr. Mansukh Mandaviya leads Fit India Sundays on Cycle in New Delhi in collaboration with Yogasana Bharat; Says Even One Pedal in cycle is Making India a Fitness Powerhouse

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    Vogue Wedding Atelier presented by HSBC India at Taj Palace, New Delhi, from 8-10 August 2025

    A New Era in Luxury Weddings – Vogue Wedding Atelier Debuts in India

    GenS Life and Dowith Lit Present ‘Senior Spotlight’: Bengaluru’s Open Mic Celebration for the 55+

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    ‘Waves’ an OTT platform that offers clean family-friendly content: Sunil Bhatiya, Deputy Director General, Doordarshan Kendra, Panaji

    Sri Sai Gold Palace’s 7th store inaugurated in Malleshwaram,Bengaluru.

    Lulu Mall Hosts Bangalore’s Biggest Non-Alcoholic Holi Celebration

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    Jockey Woman continues to shape India’s intimate wear landscape with strategic expansion

    Anantha Foods Opens Its Third Outlet in Bengaluru

    Board Games & Brews: McCafé hosts community Game Night

    Apollo Cancer Centres Launches ‘CanWin’.

    Protect and Perfect: How Face Yoga and Sunscreen Can Transform Your Skin

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    Panasonic partners with MeitY Nasscom Centre of Excellence (CoE) to accelerate innovation in Smart Residential Living

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On the strength of our teams’ mobilisation and expertise and our technological advances, BNP Paribas will continue to grow and gain market share.”-Jean-Laurent Bonnafé, CEO ,BNP Paribas

BNP Paribas Group: Results as at 31 December 2023

FWM by FWM
February 1, 2024
in Business, World
0
 01.02.2024
The Board of Directors of BNP Paribas met on 31 January 2024. The meeting was chaired by Jean Lemierre, and the Board examined the Group’s results for the fourth quarter 2023 and endorsed the 2023 financial statements.

d98thdx75j-phpcjmmv5

Jean-Laurent Bonnafé, Chief Executive Officer, stated at the end of the meeting:
“BNP Paribas achieved a very good performance in 2023 that reflects the solidity of our diversified
model, the efficiency of our platforms, and the Group’s ability to continue its development in order to
address the needs of its individual, corporate and institutional clients. On the strength of our teams’
mobilisation and expertise and our technological advances, BNP Paribas will continue to grow and
gain market share.
2023 also featured a strong acceleration in financing the production of low-carbon energies while
exiting the financing of the production of fossil fuels in order to contribute towards transitioning our
economies and our societies. Alongside all our teams, whom I wish to thank for their commitment,
we remain focused on our mission of supporting clients and partners on a long term basis and, more
broadly, of serving the European economy.”

SOLID RESULTS
BNP Paribas’ diversified and integrated model and its capacity to accompany clients and the
economy in a comprehensive way by mobilising its teams, its resources, and its capabilities,
continued to drive growth in activity and results in 2023.
The Group’s performance, as reflected in distributable Net Income1, is solid and in line with
the 2023 objective. Distributable Net Income1 amounted to 11,232 million euros in 2023, up sharply,
by 10.2% compared to the 2022 reported result2. Distributable Net Income reflects BNP Paribas’
intrinsic performance post impact of the sale of Bank of the West and post contribution to the ramp-
up of the Single Resolution Fund and enabled the absorption of the very significant negative impact
of extraordinary items in 2023 recognised in Corporate Centre.
On this basis1
, revenue growth was strong (+3.3%), and operating expenses decreased by
1.0%. The Group achieved a positive jaws effect3. Thanks to its long-term approach and prudent
and proactive risk management, cost of risk is at a low level (32 basis points of outstanding
customer loans)4, driven by a structural improvement in the risk profile over the past 10 years.
The financial structure is solid, and the trajectory of the common equity Tier 1 ratio is on track to
meeting the 12% objective post implementation of the new CRR3 regulation. Lastly, the
redeployment of capital is well underway and disciplined in its approach and sustains the
acceleration in growth.
1 Result serving as a basis for calculating the distribution in 2023 and detailed on slide 11 of the 2023 results presentation
– Variations calculated on this basis
2 Reported on 7 February 2023, i.e., 10,196 million euros
3 +1.0 point on distributable basis and excluding exceptional operating expenses and taxes subject to IFRIC 21
4 Note: cost of risk does not include “Other net losses for risk on financial instruments” i.e., charges related to risk of  invalidation or non-enforceability of financial instruments granted (extraordinary provisions on mortgage loans in Poland, provisions for litigation related to Personal Finance, and provisions for risk on receivables in 2023 recognised in Corporate Centre (€775m in 2023))

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